Eastern Asia: Metal Non-Electric Bell Market 2025

Metal Non-Electric Bell Market Size in Eastern Asia

In 2021, the East Asian metal non-electric bell market decreased by -10.9% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 9.3%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Non-Electric Bell Production in Eastern Asia

In value terms, metal non-electric bell production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Metal Non-Electric Bell Exports

Exports in Eastern Asia

After two years of decline, overseas shipments of non-electric bells and gongs of base metal increased by 41% to X tons in 2021. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal non-electric bell exports soared to $X in 2021. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 90% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), making up an 8.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal non-electric bell exports from China stood at +3.3%. At the same time, Taiwan (Chinese) (+17.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +17.9% from 2012-2021. From 2012 to 2021, the share of Taiwan (Chinese) increased by +6 percentage points.

In value terms, China ($X) remains the largest metal non-electric bell supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total exports.

In China, metal non-electric bell exports increased at an average annual rate of +8.3% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the last nine years, it increased at an average annual rate of +4.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%).

Metal Non-Electric Bell Imports

Imports in Eastern Asia

In 2021, approx. X tons of non-electric bells and gongs of base metal were imported in Eastern Asia; increasing by 21% against the previous year. Overall, imports, however, showed a slight decrease. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, metal non-electric bell imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan was the major importing country with an import of about X tons, which resulted at 47% of total imports. South Korea (X tons) ranks second in terms of the total imports with an 18% share, followed by China (15%), Hong Kong SAR (12%) and Taiwan (Chinese) (6.1%). Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal non-electric bell imports into Japan stood at -1.2%. At the same time, South Korea (+11.0%) and China (+8.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +11.0% from 2012-2021. By contrast, Taiwan (Chinese) (-7.1%), Hong Kong SAR (-8.4%) and Democratic People's Republic of Korea (-18.4%) illustrated a downward trend over the same period. South Korea (+12 p.p.), China (+8.5 p.p.) and Japan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Democratic People's Republic of Korea and Hong Kong SAR saw its share reduced by -4.1%, -7.2% and -11.1% from 2012 to 2021, respectively.

In value terms, Japan ($X) constitutes the largest market for imported non-electric bells and gongs of base metal in Eastern Asia, comprising 67% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -1.0%. In the other countries, the average annual rates were as follows: South Korea (+17.0% per year) and China (+5.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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